Plum Underwriting to use new AI claims platform from Pact Global
Plum Underwriting has signed a strategic partnership agreement to use Pact Global’s artificial intelligence (AI)-powered claims-as-a-service platform to reduce fraud exposure, accelerate the claims...
View ArticleDAC Beachcroft strengthens public sector liability expertise
Law firm DAC Beachcroft has appointed a four-strong team of public sector liability specialists, including partner John Palmer, from DWF in London. Palmer will join DAC Beachcroft in September, while...
View ArticleLexisNexis Vehicle Build to give UK insurers vehicle safety data insights
Motor insurance providers across the UK can now start testing LexisNexis Vehicle Build, a new solution to better evaluate specific advanced driver assistance systems (ADAS), to support pricing and...
View ArticleCentral Bank of Ireland bans and fines former RSA Ireland Insurance CFO
Former RSA Ireland Insurance chief financial officer Rory O’Connor has been disqualified for eight years and four months and fined €70,000, after deliberate and wrongful under-reserving of large loss...
View ArticleNMU offers new cargo product with fast-track claims initiative
Specialty insurer NMU has launched a new cargo product that offers comprehensive but clear policy wordings, new extensions for financial loss, unauthorised occupants of vehicles and unexpected return...
View ArticleMarketing during a pandemic
Lockdown has changed the way claims services are advertised. Head of marketing Andy Cullwick reveals what First4Lawyers has learnt during these unprecedented times Marketing for claims during the...
View ArticleMarsh forms sport, entertainment and media group
Insurance broker and risk adviser Marsh has formed a dedicated industry group to serve the needs of sport, entertainment and media clients in the UK and Ireland. Led by global events specialist Richard...
View ArticleVerisk launches major new release of piCalculator
A major new release of piCalculator, Verisk’s solution for calculating damages in personal injury claims, supports greater classification of multiple injuries in low frequency, high-value claims and...
View ArticleMGAA appoints Mike Keating of Qlaims as new MD
Qlaims chief development officer Mike Keating has been lined up to take over from Peter Staddon as managing director of the Managing General Agents’ Association (MGAA). Keating (pictured) will assume...
View ArticleARAG reports 10th year in profit as the insurer prepares for Covid-19 challenges
Legal expenses and assistance provider ARAG has reported a profit for the tenth consecutive year, following the recovery of some outstanding after-the-event (ATE) premiums and the continued success of...
View ArticleHello-Safe: car insurers saved £1.3 billion during lockdown
Car insurers saved almost £1.3 billion in payouts during the coronavirus (Covid-19) lockdown, according to comparison site Hello-Safe. Hello-Safe analysed public information on claims from the...
View ArticleNew Aviva CEO Amanda Blanc sets insurer’s sights on leading industry
New Aviva chief executive officer Amanda Blanc wants the insurer to lead the “industry again” and become the first choice for its customers and partners. Blanc has taken over as chief executive officer...
View ArticleFlood Re processes record number of claims and payouts
Flood Re processed more claims and paid out more during 2019/20 than in its first three years of operation combined. According to the reinsurer’s 2019/20 annual report, Flood Re incurred claims at a...
View ArticleCovid-19 insurance gap creates opportunity for parametric model, says GlobalData
Market intelligence firm GlobalData has argued that the lack of business interruption insurance protection against pandemics such as coronavirus (Covid-19) has created a gap in the market that...
View ArticleABI chair and deputy chair extend terms to 2021
Association of British Insurers (ABI) chair Jon Dye and deputy chair Julian Adams have extended their current roles to serve the full two-year term, ending summer 2021. Both took on their current roles...
View ArticleHugh James and ARAG agree wide-ranging ATE insurance arrangement
Law firm Hugh James has signed a long-term agreement with ARAG to use the legal expenses provider’s after-the-event (ATE) insurance products for a broad range of case types, across several practice...
View ArticleHiscox chooses Praedicat for London market casualty risk modelling
Hiscox has licensed CoMeta and Oortfolio, the AI-driven liability cat risk modelling platforms of Praedicat, for use within its London market casualty business. Praedicat’s AI technology mines...
View ArticleMarmalade and BIBA renew young driver telematics scheme
The British Insurance Brokers’ Association (BIBA) has renewed its member young driver telematics scheme with Marmalade. The scheme, launched in May 2017, allows BIBA members to grow their share in...
View ArticleCar insurance premiums fell 5% in Q2 2020
Comprehensive car insurance premiums fell 5% (£39) in Q2 2020, as lockdown forced drivers off the road. The latest Confused.com and Willis Towers Watson Car Insurance Price Index put the current...
View ArticleNHS Resolution: provision for clinical negligence falls as Covid-19 impact...
The balance sheet provisions of NHS Resolution for secondary care now stand at £82.8 billion, a slight decrease on the previous year’s equivalent figure. NHS Resolution’s report and accounts for...
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